The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1887-10-26
AFFAIRS OF THE RAILWAYS.
Annual Meeting Of the Big -Four Stock
holders


The annual m Getting of the stockholders or the
Cincinnati, indianapolis, ST. Louis g. Chicago
was held at the company's Office in this city at
u o'clock yesterday. Gen. 7. A. Morris acted
as chairman OF the meeting. Forty nine thou
sand one hundred and eghty-hve shares were
represented, aud the following directors were
elected: George Hoadly, George Bliss. J.
Pierpont Morgan. r. r. Cable, Thomas A Nor
lis. Orland Smith, :. J. Broadwell. c. p. Hunt
inRton. Larz Anderson, e. t. Jeffery. A NJ
Fletcher, Alex. Mcdonald, NJ. E. ingalls,. But
one change was made, that of substituting Alex
Mcdonald for George Wiltshire. who resigned,
owing to Ill health. Mr.. Wiltshire is now in
California for the benefit of his health Mr..
Ingalls, read q condensed statement OF the
annual report The financial condition of the
company is excellent. the report showing that
ably invested at the close OF nusi-
ness or the evening of Oct "a, was
$941, POI 80. An amendment to the bylaws was
adopted. creating the position OF wee preslnent.
The directors then elected the following o1lcers
for the ensuing year NJ. E. INGALLS,. president:
Il. r. Osborn, vce-presdent and treasurer ano
j. c. Davie secretary. Nr Davis has for some
years past been private secretary OF Mr. Ingalls,,
and has we'll earned the promotion The posi-
ton of vice-presdent was created al an ecopom-
zeal measure. Often when Mr.. ingalls, Is away,
as last summer. important business comes mp,
and transactit in the absence OF the president
IL was necessary to call the board OF directors
together. Now the vice-president can In most
cases act without calling special meeting OF
the directory The party left at z O'Clock Tor
Chicago and made the run in i've hours The
run from Cincinnati to Indianapolis was made
in three honrs, and seemingly with perfect ease,
which satisfies President ingalls, that 1t Is prac-
ticable to put on a limited express to mako the
run from Cincinnati to Chicago in eight hours.
should it become necessary for him to do so to
lead competitors.
The election OF directors Of the branch lines
held with the following results:
Vernon, Greensburg Rushville-M r. In
gals, Frank j. Hall, e. F. Osborn. w. w. Ham
ilton. John E. Robbins j. G. Davie and w. NJ.
Greene.
Columbus Hope & Greensburg-M E. In
gals, Z. F. Osborn. B. B. Jones. Horace Scott,
Falkland. Franklin & Martinsvlle-T. A.
Morris, NJ E. ingalls,, e. +. Osborn, W. t. Har-
rip. S. j. Broadwell, j. c. Davis and w. NJ.
Greene.
The Decline Annual inspection Trip.
The inspection party of the Decline yester-
day inspected the Indianapolis division of the
Decline proper and to-day go over the /. & st.
L. The party consists Of the veteran directors
General Barrett, Amos Townsend. and Col S.
Bliss, General Manager Beach, Chief Engineer
Irwin, H. Fl. Poppleton. General Passenger
Agent Martin, General Freight agent Hill and
Assistant General Freight Agents White and
dough and Division Superintendents Blee
Evan and Burrows President Laying does not
accompany the rarty, he but a few days since
having gone over the system in company with
The Vanderbilts and President DePew of the
New York Central In this connection it should
,e said that after passing over the Bee-line and
L & ST. l.. road the Vanderblts and President
DePew, as well, stated that, taken as a whole
The physical condition of the Bee-line
and /. e. St. l.. was better than that
Of any other line. the New York Central not
excepted. which was owned or controlled by the
int
compliment, the more so as it Was made without
IN effort to draw from them their views OF the
property. General Manager Beach saws that
sheir earnings very satisfactory. in fact sell
dom better. This he attributes to the earnest
ness of the officials and their assistants in every
department. to secure all the business possible
for the road and as good rates com petition
will admit Of their doing. During the past year
1000 tons Of steel rail- weighing sixty-s seven
pounds TO the yard. has been placed IN the track
and several hundred thousand cross-ties. On
The bridges the most work has been done.
The Wabash is now crossed on a bridge and
tresfle j 600 feet long, which is new. and ten
SPANS averaging $50 feet TO the span have been
renewed by substituting iron for wooden
structures over other rivers and creeks, and
many small streams wooden structures have
given place o stone work. Through the Ameri
can bottoms. for a distance of twenty miles, the
track has been raised several inches and heav-
lily regraveled, and in the equipments there
has been large improvement
Prosperity of Indiana's Leading Railways.
earnings from week to week been more salts
factory and the increase in earnings moro
marked Below Is given q summary Of tine
gross earnings and the increase this year, in the
nine months ending Sept 80, over the CORE
spending period in 1856 The Decline &C., c.,
G. &I) earned SO, 277, 095; increase this year,
1914 $50. The c., l., ST. l.. c., 81, 9S3, Ala; in
crease this year. $s5, 30. The Chicago. St.
Louis & Pittsburg, 81 213 O64; increase this year.
$747,O12 The Chicago e. Eastern Illinois,
So, 472, s18; increase this year, 5000, 721. The
Chicago e. Atlantic, 81. 500. 072; increase
this year. $432. s2S. The Evansville & Terre
Haute. $633, 1872; increase this year. $5S. los.
The Lake Erie & Western, 81, sos, $50; increase
this year. 1929. 705. The Indiana. Bloomington
& Western. 81. 937 $50; increase this year. ST.
408 The Louisville. Evansville q st. Louis.
1871, 042; increase this year, sllo,6 The
Louisville. New Albany & Chicago. 81 .65s. $50;
increase this year. 1913 OBS. The Ohio e. Mis-
sissippi, So. 026, 1888; increase this year. $lss s76
Indianapolis, Decatur 81 Springfield. 5000. 278;
increase this year. 81 l4l. The St Louis. Alton
& Terre Haute western division of the /. & st.
L. }, including main line and branches. 50. FOG. =
258; increase this year. 1922. ia. The Wabash,
S4,s1s. 1913; increase this year. s794,9la Grand
Rapids & Indiana, 81. $50 700 increase this
wear. $267. 1897. A footing up Of the earnings of
the thirteen roads above named, the greater
mileage of which lies in Indiana, the first nine
months of this year shows increase of So, 556,-
763 and the earnings for the remaining nor
ton of the year promise to be fully as favorable.
Coming Changes on the Chicago & Atlantic.
Special to the INDIANAPOLIS Jon-paL
HUNTINGTON. Oct 25.-At the meeting of the
directors of the Chicago & Atlantic railroad,
James Fl. Benedict, of New York, was elected
president; George J. Bippus, of Huntington,
vice president; L. E. Welles, OF Chicago. treas
urer, E. B. Guthrie. of Chicago. secretary; l..
a. Conant of New York. assistant secretary.
IL is also reported that a complete and radical
change in the management of the road is to be
made. General Manager Broughton and Super
tntendent Parsons are to be retired, and B.
Thomas former general manager of the Erie
railway to become the general SUPERINTENDENT
The election of Mr.. Bippus vice president is
which meets cordial communication here. as
ne is a leading citizen and really the originate
Of the road.